Kevin McPartland of Tabb Group, has a nice article which looks at three key areas of comments to the CFTC with regard to rule making for SEFs.
Block Trades (done outside of SEF) – must be 95% of the notional or principal transaction sizes in a swap instrument during the applicable period of time
RFQs – requirement to send this to at least five counterparties (SEC only requires more than one)
After hrs trading – this falls under the “made available for trading” language of the CFTC
full article here <you need to register, but it’s free>
Filed under: Dodd Frank, Regulation | Tagged: SEF |
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